The development company Alterra Group will build the Formation.Vinnytsia industrial park (IP) based on the Quadruple Helix model, with total investment in the project estimated at UAH 6 billion, the company’s press service told Interfax-Ukraine.
“The Formation.Vinnytsia industrial park is the second project in our Formation series of parks. The first one, which we are implementing in Lviv, has already proven the effectiveness of our model — a full-fledged ecosystem for manufacturers with the integration of the Quadruple Helix Model,” said Alterra Group CEO Dmytro Kovalchuk during the project presentation in Vinnytsia.
As reported, in early 2025, investor Boris Shestopalov of Volia Agri-food Park Vinnytsia (Vinnytsia Industrial Park) brought commercial real estate developer Alterra Group on board as a strategic partner for the construction of the industrial park. According to the OpenDataBot service, Yuparks LLC sold 75% of the authorized capital of Alterra Group LLC.
UPARKS began construction of the industrial park in August 2023. The Volia Agri-Food Park Vinnytsia project received approximately UAH 116 million in state support in 2024.
According to Alterra Group, as of May 2025, roads and sewage systems have already been connected to the industrial park, and a wide highway is currently being laid there. The total investment in the project, which is scheduled for completion by 2029, is estimated at UAH 6 billion.
The area of “Formation.Vinnytsia” will cover 175,000 square meters, where about 50 companies can be located. The Quadruple Helix model provides for cooperation between education, business, government, and society to create innovations. According to this concept, there are plans to create an innovation and technology development center, which will include a prototyping laboratory with professional equipment for creating prototypes, an R&D center for developing new products, and a business incubator for manufacturing startups. The IP is expected to create about 3,500 jobs, and cooperation with universities will allow educational programs to be adapted to the real needs of business.
“We are particularly interested in the development of food processing, the automotive engineering and components sector, and related areas. At the same time, we are open to other industries if their activities fit harmoniously into the overall ecosystem of the park and contribute to mutually beneficial coexistence,” Alterra Group said.
Another feature of the project is that the management company will help residents to export their products thanks to its membership in European chambers of commerce and industry, promising preferential terms for participation in international exhibitions and communication with potential foreign partners. As specified to Interfax-Ukraine, this service will be available to park residents by the end of this year.
The future infrastructure of the ID includes facilities aimed not only at residents but also at the community as a whole. An apart-hotel, a canteen, a gym, a supermarket, a sports ground, a customer center, and a shelter are planned.
Alterra Group LLC was established in 2016 with a statutory fund of UAH 5 million. The ultimate beneficiary is Dmytro Kovalchuk. The company’s portfolio includes nine projects, of which 107,868 square meters have already been commissioned, and 108,900 square meters will be ready in 2025. According to OpenDataBot, in 2024, the company received UAH 236,969,700 in revenue, which is twice as much as in 2023, and reduced its net loss by 1.7 times to UAH 699,300.
Agroholding TAS Agro has completed its spring sowing campaign for 2025, during which it sowed about 40,000 hectares with spring crops, the company’s press service reported on Facebook.
According to the agricultural holding, 16,000 hectares of the production area are allocated to sunflowers, 15,000 hectares to soybeans, 7,000 hectares to corn, and 160 hectares to industrial hemp. The company noted that this year it reduced corn sowing, abandoned sugar beet cultivation, but began growing industrial hemp on a trial basis.
“The 2025 sowing season is significantly different from previous ones, primarily due to abnormal weather conditions and constant air raid alerts, which hampered the work of machinery. Snow cover in April and frosts in the first ten days of May slowed down the sowing campaign somewhat, but we adjusted the work of the production units and managed to complete it on time. This year’s sowing season has shown that we have chosen the right strategy of renewing our technical fleet and involving our own staff, who worked cohesively and responsibly despite all the above-mentioned difficulties. In particular, on some days we managed to sow 2.3 thousand hectares per productive day,” said Oleg Zapletnyuk, CEO of TAS Agro LLC.
He added that the agricultural holding has already received high-quality spring crops and is focused on protecting them from diseases and pests. Personnel not involved in current work are preparing for the harvest, which, according to preliminary forecasts, will start in a month.
TAS Agro was established in 2014. Its land bank includes 88,000 hectares in the Chernihiv, Sumy, Kyiv, Vinnytsia, Kirovohrad, and Mykolaiv regions. It specializes in crop production, with the agricultural holding’s elevator capacity amounting to about 250,000 tons. The livestock business is represented by a herd of 5,500 head of cattle, of which 2,500 are dairy cattle.
The agricultural holding is part of the TAS group, founded in 1998. Its business interests include the financial sector (banking and insurance segments) and pharmacies, as well as industry, real estate, and venture projects.
The founder of TAS and beneficiary of the TAS Agro agricultural holding is Serhiy Tihipko.
JSC “MOTOR SICH” topped the rating of the largest employers in the Zaporizhzhia region according to OpenDataBot, based on the official financial statements of companies.
The aircraft engine manufacturing plant was founded in 1907. Since 2022, it has been owned by the Ukrainian state. Previously, it was controlled by the Boguslaev family.
Number of employees: 13,300. Financial indicators: The company’s revenue in 2023 is about UAH 4 billion. The number of employees decreased by 8% compared to the previous year. The enterprise is strategic for Ukraine’s defense industry.
According to the OpenDataBot rating, compiled based on data from the State Statistics Service, ATB Market has become the largest employer in the region in terms of the number of employees.
A supermarket chain operating as a discounter. It was founded in 1993. As of 2024, it is the largest employer in the region with 46,084 employees.
Owners: The ATB Group of Companies is controlled by businessmen Gennady Butkevich, Viktor Karachun, and Evgeny Ermakov.
Financial indicators: As of the end of 2023, the company’s turnover exceeded UAH 200 billion. The company is consistently ranked among the top five retailers in the country.
Activities: Over 1,200 stores in more than 300 cities. In 2023, the number of employees increased by 4.5%.
Technological advancement and digitization of services are among the top priorities of OTP BANK JSC. To offer as many opportunities as possible, low-code and no-code platforms have been implemented, allowing businesses to develop their own processes and products.
This was announced by Lilia Lazepko, Member of the Management Board of OTP BANK, responsible for the business line of operational activities and IT, at a closed meeting of the UKRAINIAN BANKING SUMMIT, which brought together top managers of the banking industry, fintech companies, regulators, and market experts.
“The Bank’s operational efficiency indicator is one of the best in the OTP Group and among Ukrainian banks thanks to the technological sophistication of our processes. My dream is for all our processes to be fully digitized. At the Bank, we have decided that anyone who wants to develop new solutions will be able to do so, and we provide this opportunity. Those who possess technology are organically integrated into the banking sector,” she noted.
Lilia Lazepko also said that OTP Bank has been using a scoring model for a long time, and the retail loan portfolio is constantly improving thanks to modern technologies. At the same time, Lilia Lazepko noted that the digitalization of lending to legal entities should be more focused on data analysis, updating, and systematization, as the human factor is also very important in this area.
At one of the sessions of the UKRAINIAN BANKING SUMMIT, Hanna Horbenko, Director of the Compliance and Financial Monitoring Department at OTP Bank, said that artificial intelligence technologies in banks can be used to identify dishonest customers or those whose ultimate beneficiaries are persons included in sanctions lists.
“In addition, artificial intelligence can easily predict or identify existing new fraud schemes or money laundering methods based on data about the market situation, which always develops faster than the financial sector. AI is also useful for systematizing knowledge from the regulatory framework for compliance and financial monitoring, as this framework is very extensive,” she emphasized.
